Banking as a career has a promising future and offers tremendous opportunities. Up to the mark marketing, strategy and policies are the key factors for success. A lot has been changed in the banking sector due to competition and industrial liberalization. Government policies have encouraged banks to lend more to the small, medium and large enterprises which see the bright future. Public sector banks, private sector banks and foreign banks operating in India all are in the expansion mode and thus offering services at lucrative interest rates. All these factors have created lot of job opportunities for the aspiring candidates.
Candidates can look for the job in well-established places like Reserve Bank of India, Public sector and private sector banks. Nationalized banks recruit the candidates based on their performance in the entrance exam and personal interview. Private Banks hire mostly MBAs. Whereas foreign banks directly take part in the campus recruitment of the well-known institutions and hire the candidates. Major banking areas are Investment banking, corporate banking, and rural banking. Fresher can get the package of around 3 lakh rupees per annum, this can go up to 12 lakh rupees or more for the experienced.
A good banker should look professional. He should have the mathematical and logical analysis skills. Probationary officers joining the banks should be able to lead, motivate, encourage and manage the staff. One should have good communication skill and be able to interact with the client easily. Integrity and honesty play a major role in dealing with money, client, and staff.
Candidates are selected into government banks through examination. Candidates can apply in clerical cadre and officer cadre. Anyone in the age below 26 with a bachelor degree can apply for the written exam followed by the group discussion and personal interview. Selection procedures are the same for both the cadre clerical and officer.
Merits and Demerits
Banking field is always in need of enthusiast candidates. Some of its departments like treasury, operations, and administration are always vacant for the new recruitments. Scope for promotion for the skilled and experienced persons is very high. Despite the volatility in the market and economy, salary and employment will grow as compared to the other industries. A banker faces a lot of pressure during the audit and financial ending. Also, he is the responsible person for managing people’s money.